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Omers Private Equity to acquire United States Infrastructure

Omers Private Equity has agreed to acquire United States Infrastructure from funds affiliated with Kohlberg.

United States Infrastructure is a provider of outsourced sub-surface utility locating services in the US.

The company provides locating services across 20 states on behalf of over 400 telecom, electric, gas, cable and water utilities, including all major national and regional utilities throughout the Midwest, Southeast, Southwest and Northwest.

"USIC is a great addition to our portfolio with its market-leading position, focus on quality of service, and history of innovation within its industry," says Paul Renaud (pictured), president and chief executive of Omers Private Equity.

Based in Indianapolis, Indiana, United States Infrastructure was created in 2008 through the combination of SM&P and CLS. It operates 38 district offices within its 20 state footprint.

The transaction will represent the second private equity investment led by Omers Private Equity in the US after its acquisition of Nordco in 2009.

"We are excited to be partnering with the Omers team," says Michael Stayton, president and chief executive of United States Infrastructure. "Omers has the resources, expertise and long-term focus to support USIC in its strategy going forward."

Omers Private Equity expects to close the acquisition within the second quarter of 2010. GE Antares and BNP Paribas have committed to provide financing for the transaction.

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